CRM

Salesforce.com Inc

TMT


Presented:10/18/2017
Price:$96.44
Cap:$70.34B
Current Price:$288.35
Cap:$275.66B

Presented

Date10/18/2017
Price$96.44
Market Cap$70.34B
Ent Value$64.91B
P/E RatioN/A
Book Value$11.76
Div Yield0%
Shares O/S729.39M
Ave Daily Vol3,883,841
Short IntN/A

Current

Price$288.35
Market Cap$275.66B
salesforce.com, inc. is a customer relationship management company, which engages in the provision of enterprise software. Its Customer Success Platform offers a comprehensive portfolio of services, such as sales force automation, customer service and support, marketing automation, digital commerce, community management, analytics, application development, IoT integration, collaborative productivity tools and professional cloud services. The firm enables industries and companies of all sizes to connect their customers using cloud, social, mobile and data science technologies. It also encourages third parties to develop additional functionality and new apps that run on its platform and other developer tools. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.

Publicly traded companies mentioned herein: Alphabet Inc (GOOGL), Amazon.com Inc (AMZN), Microsoft Corp (MSFT), Oracle Corp (ORCL), Salesforce.com Inc (CRM)

Highlights

The presenter is long shares of Salesforce (CRM), stating that CRM’s strong recovery in revenue growth, which saw some weakness a few quarters ago, will likely drive a multiple re-rating. He feels the stock is currently undervalued despite strong year-to-date performance as multiples are still lagging the revenue recovery. The presenter also believes there is potential for strategic activity in the space, with CRM as an attractive target for large enterprise software companies who are looking to boost revenue and establish a foothold in the cloud customer relationship management space. He believes CRM’s sales multiple can re-rate from ~5.5x back to the historic 6x – 7x range.

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Idea Discussion

Commentor 1 - 2 weeks ago

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